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Health costs: How to combat the sneaky increases of generic drugs

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While the spotlight is on the skyrocketing cost of specialty drugs right now, the price tag on generics is quietly trending upward. And if employers don’t take some necessary precautions right now, it could lead to some major headaches down the road.

In fact, there could be as much as a 15% increase in generic pricing in 2018 alone, according to Michael J. Staab, an employment attorney and consult with Innovative Rx Strategies, LLC, an HR consulting firm that specializes in pharmacy benefit costs.

At the 2018 Mid-Sized Retirement and Healthcare Plan Management Conference in San Francisco, Staab explained

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